DJ IPG Photonics Corp. Stock Outperforms Competitors On Strong Trading Day
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Shares of IPG Photonics Corp. $(IPGP)$ rose 1.07% to $73.52 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,917.11 and the Dow Jones Industrial Average rising 0.32% to 43,408.47.
The stock's rise snapped an eight-day losing streak.
IPG Photonics Corp. closed $37.59 short of its 52-week high ($111.11), which the company achieved on December 26th.
The stock outperformed some of its competitors Wednesday, as Teradyne Inc. $(TER)$ rose 0.76% to $103.58 and Lumentum Holdings Inc. (LITE) fell 0.01% to $82.47.
Trading volume (254,097) remained 16,518 below its 50-day average volume of 270,615.
Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 2024.
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(END) Dow Jones Newswires
November 20, 2024 17:27 ET (22:27 GMT)
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